cairo- we'll see. for now gold is back below
the Fibs I was showing, it needed to stay above those. Still
a potential wedge with some negative divergence, but for now still
holding the wedge, if it breaks the uptrend line of the pattern,
then gold may really start to correct hard, but for now it's just a
pullback with the pattern, and could potentially be wave 4, we'll
see...
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cairo- we'll see. for now
What do you suppose will happen to the markets when ...
Posted by matt on 9th of Nov 2011 at 03:22 pm
cairo- we'll see. for now gold is back below the Fibs I was showing, it needed to stay above those. Still a potential wedge with some negative divergence, but for now still holding the wedge, if it breaks the uptrend line of the pattern, then gold may really start to correct hard, but for now it's just a pullback with the pattern, and could potentially be wave 4, we'll see...